Can the mortgage guarantor sell the house?

No, the mortgage guarantor cannot sell the house on which the mortgage is secured, unless they are also the owner of the property.

The guarantor is a key figure in mortgage procedures: their role is to intervene in payments if the borrower (i.e., the mortgage holder) is no longer able to make the payments. However, they do not acquire any real rights over the property, so they cannot dispose of it freely.

Who is the mortgage guarantor?

The guarantor is a natural person who supports the applicant in signing the mortgage contract and undertakes to pay the remaining debt if the latter defaults. The guarantor therefore becomes liable for the debt but not the owner of the house.

The bank may require a guarantor when the applicant:

• Does not have sufficient income
• Has an unstable employment contract
• Has a higher risk profile

Can they sell the house?

No, the guarantor cannot sell the property financed by the mortgage unless they are also the owner of the property. The right to dispose of the property belongs exclusively to the owner.

Therefore, even if the guarantor has a strong financial responsibility, they cannot make any decisions about the property, let alone sell it.

Are you looking for a clear, tailor-made solution for your mortgage?

For further information or personalized advice on this topic, please contact our Toscano Mutui credit advisors: we will help you clarify any doubts and find the solution that best suits your situation.